The skyline showing the Central district of Hong Kong as the housing sector of the city is expected to take a hit from the decision by the US Fed to raise interest rates for the first time in almost a decade, given the peg between the Hong Kong dollar and the US greenback, forcing the territory to adjust every time US interest rates moves. Photo: AFP

Hong Kong’s property market downtrend to last for 2 to 3 years as Fed continues policy tightening

One analyst forecasts residential price declines of up to 10 per cent next year

Topic |   US Federal Reserve

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The skyline showing the Central district of Hong Kong as the housing sector of the city is expected to take a hit from the decision by the US Fed to raise interest rates for the first time in almost a decade, given the peg between the Hong Kong dollar and the US greenback, forcing the territory to adjust every time US interest rates moves. Photo: AFP
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